- Hyperliquid has launched native staking on its mainnet, allowing users to stake HYPE tokens to secure the network and earn rewards.
- The protocol’s native token, HYPE, was airdropped in late November, distributing 310 million tokens (31% of the supply) to nearly 100,000 users.
One of the most popular decentralised exchanges (DEXs), Hyperliquid, has launched native staking on its mainnet. Users can now stake HYPE tokens to secure the network and earn rewards.
The feature, announced on December 30, enables participants to choose from 16 validators based on metrics such as uptime, commission rates, reputation, and community contributions. To date, US$300M (AU$482M) worth of HYPE tokens have been staked, as reported by ASXN.
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The protocol’s native token, HYPE, was airdropped in late November, with 310 million tokens—31% of the total supply—distributed to the community, with nearly 100,000 eligible users.
What’s interesting about this airdrop is that it changed the game for most crypto projects by setting a higher standard. To give an idea, Hyperliquid’s average allocation was valued at US$45K (AU$72K) to US$50K (AU$80.4K), making it one of the most lucrative airdrops in crypto history.
And unlike typical airdrops heavily favouring venture capitalists (VCs), Hyperliquid allocated over 70% of its token supply to community-focused initiatives.
The team’s tokens were vested for at least a year, reflecting its commitment to users, a strategy supported by the absence of private investors.
Since then, the token’s price has surged from approximately US$3.90 (AU$6.27) on November 29 to US$26.8 (AU$41.8) at the time of writing. Hyperliquid plans to allocate over 30% of the remaining supply for future emissions and community rewards.
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The broader DeFi space also saw significant activity in December, with DEXs reaching a record-high monthly trading volume of US$462B (AU$741.9B). This growth is partly attributed to optimism surrounding potential regulatory changes in the United States in 2025.
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